Latest in Blackberry

Image credit:

RIM stock falls eight percent following CEO transition

Brad Molen
01.23.12
Share
Tweet
Share
Save

Sponsored Links

We rarely meddle with stock news around these parts, but this was a pretty significant piece of meat to chew on. After Research in Motion introduced Thorsten Heins as the new CEO last night and again in a conference call this morning, the company's stock price tumbled a whopping 8.47 percent. When it comes to what kind of difference the transition will make for the struggling company, we haven't had a high amount of confidence; while we hope for the best and want to see RIM turn things around, the falling stock appears to indicate that we're not alone in expressing concerns about this morning's events. Here's some food for thought: when rumors that Samsung was interested in purchasing RIM flooded the internet, the latter company's stocks spiked by nearly ten percent.

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Share
Tweet
Share
Save

Popular on Engadget

Engadget's Guide to Privacy

Engadget's Guide to Privacy

View
Australia will help NASA go to the Moon and Mars

Australia will help NASA go to the Moon and Mars

View
Apple gets US approval for Mac Pro tariff exemptions

Apple gets US approval for Mac Pro tariff exemptions

View
TiVo says all retail DVR owners will see ads before recorded shows

TiVo says all retail DVR owners will see ads before recorded shows

View
Batman comes to 'Fortnite' along with Catwoman and Gotham City

Batman comes to 'Fortnite' along with Catwoman and Gotham City

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr